Comments on: How Will The Automatic Enrollment Provision Of The Pension Protection Act Help Individuals Save For Retirement? http://genxfinance.com/how-will-the-automatic-enrollment-provision-of-the-pension-protection-act-help-individuals-save-for-retirement/ Helping a unique generation achieve financial independence. Fri, 10 Feb 2012 01:03:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mike http://genxfinance.com/how-will-the-automatic-enrollment-provision-of-the-pension-protection-act-help-individuals-save-for-retirement/comment-page-1/#comment-245 Mike Sat, 09 Dec 2006 15:26:29 +0000 http://genxfinance.com/2006/12/06/how-will-the-automatic-enrollment-provision-of-the-pension-protection-act-help-individuals-save-for-retirement/#comment-245 This will increase participation. But I'm skeptical that there will be a significant improvement in the average person's financial position at retirement. Already, too many people cash out their 401K when changing jobs. Someone who needs to be automatically signed up in order to participate will probably not be so lazy when it comes to getting their money on leaving their jobs. Particularly if the plan requires termination of their account if less than $5K or some other amount. This will increase participation. But I’m skeptical that there will be a significant improvement in the average person’s financial position at retirement.

Already, too many people cash out their 401K when changing jobs. Someone who needs to be automatically signed up in order to participate will probably not be so lazy when it comes to getting their money on leaving their jobs. Particularly if the plan requires termination of their account if less than $5K or some other amount.

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